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🔔🔞 How Bitcoin Can Get You Your Heart's Desire 💖 BTC ETH LINKIntroduction:
💬 The weak dollar, DeFi hype, and tech boom during COVID have been great for crypto. This can be seen by looking at Bitcoin (BTC), Ethereum (ETH), and Chainlink (LINK). This doesn't mean we won't see a correction after the current consolidation period (something we are already seeing a bit with LINK), it just means overall things have been up-and-up and are still looking good. The more crypto booms, the more ground BTC, ETH, and Chainlink take. The more ground they take, the more crypto booms. That said, history and logic tell us we have to see a pullback at some point, let's take a look at these three leaders of crypto to get a sense of the current overall market conditions.
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BTCUSD 4h:
BTC Support:
S1: The orderblock and previous S/R range at the bottom of the channel is likely to be the saving grace of crypto. Or at least this is the bull's best hope. As you'll see, the other cryptos will benefit from a show of strength here.
BTC Resistance:
R1: This range at the previous swing high which contains an orderblock is the first point of resistance for BTC. The bulls don't need to take this out right away, but a push above this range would be a great show of strength.
R2: The orderblock range at the top of the channel is the last hope for bears who want to ensure there is no chance of a retest of previous All-Time Highs. Meanwhile, a clean break of this level would signal it is game on for the bulls.
ETHUSDT 4h:
ETH Support:
S1: The support range at the previous S/R flip is a logical level for ETH to consolidate and run from. ETH has already tested this level twice, so technically it could just be up from here, although it would be far from uncommon to see another retest as we consolidate.
S2: The range at the S2 orderblock, where the bodies of the range low candles sit, makes sense as support if S1 can't hold. Below this ETH loses some bullish market structure. It sets ETH back a bit if we linger below S2, although after such an epic run any level of correction wouldn't be out of the norm.
ETH Resistance:
R1: The range at the previous swing high and orderblock is our first level of resistance. This level is bound to be reacted to as long as we consolidate.
R2: There is some resistance above, but for our purposes, this range is what the bears will need to defend and bulls will be looking to take out. A break above this level is very bullish for ETH.
LINKUSDT 4h:
LINK Support:
S1: The level created from the previous support found on the way up is a logical place to bounce from. However, after losing this much market structure it is doubtful the bulls will be able to quickly pull out of the tailspin.
S2: The S/R flip range here is a reasonable support level for LINK. There is a chance price goes lower once we get here, but on the plus side for bulls there is lots of support to start looking at starting at S2.
LINK Resistance:
R1: The most immediate threat to bull kind and the great hope of Zeus capital is the range at the R1 orderblock. A rejection here is key to the bearish ABC that takes us to S2 as shown on the chart.
R2: If the bulls can manage the retest the top, it'll be the bear's last chance at keeping LINK away from mind-melting highs. Retesting this could however be a long time out if bulls don't act quickly.
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Summary:
All eyes are likely on BTC to hold the channel. BTC holding will help ETH and Chainlink hold their support levels. Meanwhile, BTC pushing above the channel and R2 should help the other cryptos launch. Given the DeFi boom, it is also possible ETH or even LINK steps in to pull the rest of crypto along for the next leg of a bull run, but our money is on BTC holding up the market here.
With all of that said, bears will be ready to feast if the supports noted above start to fail... even if that feast is more temporary than we have seen over the past few years (as it tends to be in true crypto bull markets).
Resources:
www.coindesk.com
✨ Drop a comment letting us know what you think! ✨
Analyzed BTC, ETH, BCH, HBAR, EOS, LTC, XRP and DOGE | Enjoy ;)NSENG:ACADEMY
Hello everyone 😃
We tried to analyze some of the trending coins for you dears to use it on your trading plans !
Hope you all enjoy it 😉
I will start with BTC -> ETH -> BCH -> HBAR -> EOS -> LTC -> XRP -> DOGE.
BTC/USDT :
BTC is currently at no trade zone, There are many pressure zones and we can't select a correct direction for it.
But based on our data; BTC is generally bullish on 12H timeframe, So the most possible direction will be another reach on 59K after a retest on lower trendline.
🔴 Any engulf below 52K will makes BTC more bearish !
ETH/USDT :
ETH is at resistance zone which is located at FIBBO level. Any close above this level will confirm $4700.
But on low TF, ETH remains bearish until it breaks $4255 level !
So Be careful of your funds on ETH, Also there was a formed H&S which is invalidated now.
BCH/USDT :
BCH is at the verge of bullish cross, But there is a stiff resistance above which can rejects BCH if others ( other major coins ) don't go up in next hours...
Also there is a chance for fake-out on it ! So better to watch ETH's current resistance and BTC's closes above current order block.
I really like to have a retest on lower levels for BCH; $1800 is confirmed already for BCH...
📌 You can set your bids at green mentioned zones !
HBAR/USDT :
Personally, I'm seeing HBAR as a greater technology for crypto; So that's why it's in my watchlist !
Anyway, HBAR retests demand zone and now it's trying to climb for bearish order block.
Also It remains bearish on technical indicators for short-term, So another retest on bullish trendline is very expected.
EOS/USDT :
I'm not very sure about EOS, It's remains bullish without any excuse !
Current level is suggested as a stiff resistance zone; Sadly I expected that EOS will show more low wicks...
But it didn't went on my plan. Now I'm waiting for a rejection from this level or a breakout above this level !
Both of them are considered as a great opportunity for scalpers and swing traders...
LTC/USDT :
LTC is lovely here, I'm just searching for any retest on lower levels; Which is really expected for next days...
I'm still believe in my final target around $700 in next 4 weeks ! So I will set my beads at lower demand levels.
XRP/USDT :
There are two possible directions for XRP, It's seems that XRP is moving into a falling wedge, So it's generally very bullish...
Any close above wedge's higher will confirm XRP's $2 in mid-term and higher levels for long-term.
Otherwise we'll see a lower retest to $1 bullish order block zone. After that I will aiming $2 again !
DOGE/USDT :
DOGE is no more staying in a bullish scenario for now. It rejects 50% and 68% retracement on FIBBO's bullish wave, And now it's moving around 70% on FIBBO's bullish wave.
But on bearish wave, It seems that DOGE has retested FIBBO's 50% level and now it's standing below 38.2%.
So any rejection below $0.4 stiff support zone can make this opportunity for bears to push it around $0.3 level !
Bulls can take the lead one more time for DOGE if they manage to break current bearish trendline...
Hope you enjoyed our multiple analysis about 7 crypto currencies in my watchlist🙌
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Also you can share your opinion with us in comments 😉🙋🏼♂️
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
An Analysis of The BTC/ETH ratio
Hypothesis: There will be a large movement in the BTC /ETH ratio.
Evidence:
1. Ratio has been in a bear trend since September 2019
2. Price is at middle bollinger Band
3. Price tested and is in the process of failing the 30% retracement level
4. Bearish divergence on the Squeeze Indicator
5. Bearish divergence on the Awesome Oscillator
6. Testing resistance lines from September 2019
Analysis: The ratio is in a critical spot right now. Either the resistance holds, following the bear trend and keeping ETH at or close to its all time highs, or it can break the trend, sending BTC on an unstoppable bull run
Outcome 1 (More Likely, Red Line)
1. The ratio drops, falling to the low 20s. That would imply either a BTC pullback, ETH squeeze, or some combination of the two. One other possibility would be that BTC is simply growing at a lower rate than ETH. Either way, bullish on ETH.
Outcome 2 (Less Likely,Green Line)
1. The ratio breaks the bear market, searing to the mid 30s. That would imply either a BTC squeeze, ETH pullack, or some combination of the two. Another possibility is that BTC is growing faster than ETH. Either way, bullish on BTC
BTC - ETH - XRP (GROWTH POTENTIAL) - JAN 2024
BTC - ETH - XRP (GROWTH POTENTIAL) - JAN 2024
It seems that today, the decision regarding the BTC ETF will likely be revealed. Regardless of the outcome, I think it might be advisable to consider transitioning from BTC, especially after it reached FWB:48K , to alternative coins such as ETH or XRP. Various other alternative cryptocurrencies also exhibit promising potential. To sum up, it might be prudent to refrain from buying Bitcoin for the time being, starting from January 2024, and explore other options within the cryptocurrency market.
#BTC #ETH #SPX #Gold update on 4h chart#BTC #ETH #SPX #Gold update on 4h chart
Bitcoin and Ethereum with combination of regular bullish divergence (green dot line) and hidden bullish divergence (blue dot line).
S&P500 and Gold with slightly stronger downwards movement.
But everyone is missing bullish news IMO.
What do you think dear Crypto Nation?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
BTC / ETH waiting for action...BTC / ETH waiting for action...
There were 2 indicators, one MFI and the other other RSI. Both had buy signals slightly apart (not overlapping this time) and both would have helped you enter for profit before the MFI signaled to exit as price turned downwards. While there is room in the BB for a slight upward wiggle and the RSI did not indicate a sell it may go up, down or sideways. I have made my move and am waiting on the outside to reenter. After my indicators signaled me to sell, I am now waiting for BTC / ETH to get into a situation where I can use the Trading Pair without worry. Too many unsure factors to jump into another move on my end. Patience and Observations now.
Good Luck, Happy Trading.